secwatch.observer — SEC 8-K summary
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Issuer:     Stardust Power Inc. (SDST)
CIK:        0001831979
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001493152-26-010634
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stardust Power reports FY 2025 net loss $15.7M; cash $3.5M and going concern doubt
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- Net loss improved to $15.7M from $23.8M; EPS loss of $2.13 vs $5.55.
- Cash and equivalents $3.5M; substantial doubt about ability to continue as going concern.
- Muskogee refinery FEL-3 study completed; Phase I CapEx ~$500M; air permit received.
- Raised $13.2M equity, up to $10M debt; established $10M ATM facility with B. Riley.
- Non-binding feedstock deals with Mandrake & Prairie for up to 13,500 LCE tonnes/yr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831979/000149315226010634/0001493152-26-010634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831979/000149315226010634/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-010634

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